Maritime Jobs
Thursday, November 23, 2017

Barclays News

Oil Above $55 on Weaker Dollar, Saudi Output

a barrel at 0933 GMT, after hitting a low of $54.12. U.S. WTI crude was down 40 cents at $46.17. Saudi oil minister Ali al Naimi also said the kingdom was now pumping around 10 million barrels per day (bpd), which could indicate an increase of 350,000 bpd over its February production. Analysts at Barclays forecast on Monday that if OPEC production held near current levels of near 30 million bpd, the market surplus would expand from 900,000 bpd to 1.3 million bpd. Oil prices have see-sawed, weighed down by concerns of oversupply but boosted by swings in the strength of U.S. dollar ahead of the

Wan Ching Chiang (Photo: LISCR)

Liberian Registry Strengthens Asia Team

overseeing vessel mortgage and corporate registrations for the Liberian Registry’s fast- growing number of South-East Asian clients. Chiang graduated with a Bachelor of Science degree in Business Administration and has previous experience with working in the financial industry with both HSBC and Barclays Capital.     The Liberian Registry’s Greater China team has been bolstered by the additions of Pao Chi Hsu and Owen Fu as Technical Managers. Hsu, who holds a Master’s Degree in Ocean Engineering, has previously worked as a lead class surveyor in the Greater China region

BP workers in Iraq (Photo courtesy of BP)

Oil Majors Cut Staff in Iraq on Violence Fears

decade, but hopes that it will be able to achieve that are fading. "The bigger question than the immediate threat to production is Iraq's ability to meet the expectation to meet 60 percent of the world's oil demand growth needs," said Majid Jafar, chief executive at Crescent Petroleum. A Barclays research team noted that while oil firms have not yet seen a major impact on operations, oil service firms such as Baker Hughes and Schlumberger suspended work for a time last year after labour unrest. "Activity is stable, though this area does not appear to be outside the reach of the insurgents

Wisconsin Energy to Buy Integrys

will be able to grow earnings at 5-7 percent per year, faster than either one of us is projecting on a standalone business," Klappa said. The transaction is subject to approvals from the Federal Energy Regulatory Commission, the Federal Communications Commission and some state commissions. Barclays is Wisconsin Energy's financial adviser, while Lazard is advising Integrys. (By Swetha Gopinath and Kanika Sikka, Reporting by Swetha Gopinath in Bangalore; Editing by Sriraj Kalluvila, Saumyadeb Chakrabarty and Ted Kerr)  

Siemens May Cut Jobs in Power Turbine Business Overhaul

planning stage in January 2017, down 48 percent year-on-year, and projects under construction were down 19 percent at around 273 GW. "In light of the dramatic changes seen across the global fossil power market, new cost-cutting measures are required (at Siemens) in our view," Barclays analysts said in a note on Thursday. They said they expected Siemens to restructure its U.S. plant in Charlotte, North Carolina, as part of an overhaul at Power and Gas. Excluding its services business, the division has 30,000 employees worldwide, of which 12,000 are based in Germany. Process

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